Brexit deal rejected: so what now?
Employees:
EU citizens residing and working in the UK: will need apply to the government’s new EU Settlement Scheme to secure their status after 29 March. No transition period may mean free movement is likely to end on the 29 March 2019 and currently the new immigration rules are not set to be introduced until 1 January 2021. UK nationals residing and working in the EU: will be subject to the laws of the Member State in which they reside.Trade:
The UK will no longer benefit from the EU’s free trade agreements with other countries. Trade terms will be replaced by the WTO’s trade rules. Export and import tariffs will be directly affected. Export and import declarations would be mandatory, and goods would be subject to customs control and tariffs. Members who export and import goods with the EU would need to: (i) register for a UK Economic Operator Registration and Identification (EORI) number; and (ii) be able to make declarations to HMRC.Intellectual property rights (trade marks & design rights):
Community Trade Marks cease to apply in the UK- The government intends to grant a new UK equivalent right (no legislation on this yet though). Applications for an EU trade mark that are ongoing on 29 March will need to be refiled with the UK IPO within 9 months (no legislation on this yet though). Existing EU trade mark registrations or registered community designs will continue to have effect in the remaining EU member states.
- UK applicants will still be able to apply for an EU trade mark registration or a registered community design after Brexit. Use in the UK will no longer count towards use for a CTM.